239Index
Abegg, Gene, 67
Accounting:
controls, 17
mental, 185–186
scandals, 104 –105
Acme Building Brands, 72, 74 –75
Action bets, 134
Active portfolio management, 158–159
Allocation of capital, 82–83, 98
Amazon.com, 104, 149
American Express, 3, 91–92, 152, 162
American Tile Supply Company, 75
Anheuser-Busch, 99
Annual reports, 4
Arbitrage, risk, 8, 150 –151
Arkata Corporation, 150
Asymmetrical loss aversion, 185
Auxier, Al, 46, 47
Avarice and the institutional
imperative, 102–103
Bank Holding Act, 67
Banking business, understanding the,
67
Bankrupt companies, buying, 89
Barrett Resources, 154
Behavioral f inance, 183–187
Ben Bridge Jeweler, 45
Benjamin Moore, 45, 65– 66
Berkshire Hathaway, 2
annual reports/meetings, 4, 36, 81,
95
arbitrage success, 150 –151
bonds, 143–146
book value, 4 –7
Buffett’s involvement today, 9
and Coca-Cola, 7, 8, 51–52, 64 (see
alsoCoca-Cola)
corporate net worth, 4
f ixed-income investments, 141–155
and GEICO Corporation, 31–33
as holding company, 42–52
insurance business, 29–39
owner’s point of view, 41–42
reinsurance business, 36–37
textile company, 29–30
and Washington Post Company, 64,
67
and Wells Fargo & Company, 67
Bernstein, Peter, 21–22
Bezos, Jeff, 104, 149
Blumkin, Rose, 43–44
Bonds, 143–146
high-yield bond, 145